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 (or
other assets)
While the gift of appreciated assets often involves stock, other marketable assets, such as land, antiques, and homes, can be utilized as potential gifts with the possibility of valuable tax benefits. However, these other assets are reviewed on a case-by-case basis. For more information about gifts of appreciated assets, please contact us so we can respond to your specific needs. Return to Wills and Bequests
- Pam Adams - or return to Charitable Lead
Trusts - Ted and Alicia. |
The
gift of an appreciated asset, often common stock or mutual fund
shares, is a valuable way to make a contribution to a charitable
organization and receive tax benefits based on the value of the
asset(s).Suppose Richard and Terri in this example had 300 shares
of XYZ Corporation that they purchased at $15 a share some years
ago. The current value in today's market is $36 a share. If they
sold the stock in the market, they would have a taxable, long-term
capital gain on the difference between their cost and what they
would receive from the sale ($36 minus $15 = $21 capital gain per
share. 300 shares X $21.00 = $6,300 in capital gains). 
Richard
and Terri could sell the stock, pay the tax on the capital gain,
and either keep or donate the proceeds. If, instead of selling the
stock, they gave the 300 shares to their charity, they would not
incur any capital gains and would be able to deduct the current
value (300 shares X $36 = $10,800) as a charitable gift. By donating
the stock, the charity receives more than it would receive if Richard
and Terri first sold the stock and then donated the proceeds after
deducting the capital gain taxes. Also, Richard and Terri receive
a greater tax deduction by giving the stock directly to the charity
and avoiding the capital gain tax.1401 Presque Isle Avenue |
Marquette, MI 49855 | 1-800-227-WNMU(9668)
|
